Affordable Rental Housing Opportunity/Selection By Lottery

Affordable Rental Housing Opportunity/Selection By Lottery

December 1, 2017 9:03 pm Published by

Gateway North 700 Washington St. Lynn, MA 01902 is accepting applications for the upcoming lottery for 1,2,&3 bedroom apartments. Applications available beginning 11/30/2017 thru 1/26/2018 at:

Lynn Housing Authority 10 Church St. Lynn, Lynn Public Library S.N. Common St. or by Phone 781-794-1038 or online at LiveGateway-North.com Mail completed application to Peabody Properties, Inc. c/o Gateway Lottery 536 Granite Street, Braintree, MA 02148 or email to gatewaynorth@peabodyproperties.com Deadline: Postmarked by 1/26/2018

Info Session: Wed. December 6, 2017, 3 & 6 PM North Shore CommunityCollege McGee Building Gymnasium E119 300 Broad St. Lynn, MA

Lottery Drawing: Thursday, Feb 1, 2018, 11:00 AM  Location to Be Determined.

Income Limits as of 4/14/17

#HH            30%AMI           60%AMI            70%AMI

1                    $21,700           $43,440              $50,700

2                    $24,800          $49,680              $58,000

3                    $27,900           $55,860              $65,200

4                    $31,000            $62,040              $72,400

5                     $33,500           $67,020              $78,200

6                     $36,000           $72,000              $84,000

Rents:

Type          #of Apts.            Gross Rent           Program Type

1BR               4                        $1,358                        70%

1BR                10                      $1,164*                        60%

1BR                 2                       PBV Rent*                30%

2BR                5                         $1,630                      70%

2BR                31                       $1,396                       60%

2BR                5                         PBV Rent*                30%

3BR                1                           $1,882                      70%

3BR                4                           $1,613*                    60%

3BR                1                            PBV Rent**              30%

*Utility allowance to be determined & deducted from gross rent allowable

**Rent share determined by PHA based on income of applicant

 

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This post was written by Deborah Barber

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